Elon Musk has recently taken drastic steps to cut costs and gear up for possible legal battles at Twitter, according to a report from The New York Times.
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In an effort to cut costs following Elon Musk's chaotic $44 billion acquisition of Twitter, the social media company has stopped paying rent, according to aTwitter has not paid rent for its global offices or San Francisco headquarters in weeks, the report said, as Musk's team has been trying to renegotiate the terms of the company's lease. As a result, Twitter has received complaints from real estate firms like Shorenstein, which owns Twitter's San Francisco buildings.
Representatives for Shorenstein and Musk did not immediately respond to requests for comment. Twitter no longer has a communications department." in the days following his $44 billion acquisition of the company. Without providing any figures or evidence, he claimed in a tweet that the revenue drop was the result of activist groups putting pressure on advertisers.
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